3 Reasons Why the Price of Bitcoin is Surging

The price of Bitcoin, the digital cryptocurrency favored by hackers and privacy buffs, has experienced a steady uptick over the past few weeks, hitting an all-time high of $305 over night . That number shatters the currency’s previous high of $265, which it reached in April 2013 before the bubble burst and its price tumbled back down to $60. The conversion tool Preev currently lists Bitcoin’s price at $296. Why the sudden increase? Here are three factors: